22588 Westchester RdShaker HeightsOH44122
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Shaker Heights at 22588 Westchester Rd, Shaker Heights, OH, 44122 generates $3,314/mo in rent, after a $2,496/mo payment. Total monthly income is $3,314/mo. Return on cash invested sits at 16.6% in year one, and rental yield is 7.8% on a $510,000 entry. Equity gained on principal adds $3,291/yr, while 5% annual appreciation builds toward $140,904 over five years. Five-year ROI reaches 86.71% and total cumulative return in cash sums $145,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,314/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
9,016 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44122, Beachwood, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,957 (100%) |
| Owner Occupied HU | 9,374 (55.3%) |
| Renter Occupied HU | 6,116 (36.1%) |
| Vacant Housing Units | 1,467 ( 8.7%) |
| Median Home Value | $330,080 |
| Average Home Value | $368,661 |
Housing Distribution
Address Breakdown
Residential
16,592
Single Family
10,817
Multi-Family
5,775
Businesses
2,163
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Listed by: Meredith L Kronenberg • Howard Hanna
Mls Name: MLS Now
Mls ID: #5118085